I’m Snapping Up More SoFi, Two More Stocks

Analyst Andrew Jeffrey of William Blair reiterated this morning his “buy” rating on portfolio holding SoFi Technologies (SOFI) without setting a target price. Jeffrey is rated at five stars out of five at TipRanks. Over the past two years, he has compiled a 56% success rate with an average return of 14.1%. Jeffrey, who is respected as a “top eight percent” analyst, likes portfolio holding SoFi Technologies for several reasons tied to SoFi’s rising place in the financial community.

According to the material provided, Jeffrey views SOFI as a disruptor in consumer finance, operating within what is a large addressable market. He sees SOFI as having an opportunity to reach tens of millions of members in what is still a largely untapped market and possessing an ability to materially expand average revenue per user.

That should be a net driver as the company improves upon its long-term returns on tangible common equity. Jeffrey also believes that SOFI will likely be able to manage an apparent rising interest rate environment effectively. He sees the SoFi as having a certain pricing power in personal loans that would offset funding cost pressure, thus preserving net interest income.
Jeffrey has noticed SOFI’s ability to sustain growth in membership as well as growth simultaneously in product sales. The firm has been effective in cross-selling its services, and in operating leverage from scaling the business. This combination, according to the analyst, underpins his rationale in showing confidence in SoFi’s long-term earnings potential and justifies his “buy” recommendation.

Trading

In late August and early September, this portfolio sold 50 shares of Ondas Inc (ONDS) at an average price of $7.925. The sales were of 25 shares each at $8.33 and $7.52. The portfolio intends to buy back a few of those shares now that the shares have traded off. We also need to add to our long position in Planet Labs (PL) now that the stock is trading with a $16 handle. Missing that opportunity to make that sale at $20-plus last week due to the time lag in between the time an article is written and can be published is really starting to smart with this one.

Wednesday’s Intentions vs. Actual Trades

• Purchase 20 shares of ASPN at or close to the last sale of $4.86
• Bought 20 shares of PL at $4.87
• Purchase 10 shares of PL at or close to the last sale of $17.69
• Bought 10 shares of PL at $17.80
• Purchase 10 shares of PTON (PTON) at or close to the last sale of $5.02 with a $5.05 limit
• Bought 10 shares of PTON at $5.04

Thursday’s Intentions

• Purchase 10 shares of SOFI at or close to the last sale of $17.06
• Purchase 10 shares of PL at or close to the last sale of $16.80
• Purchase 25 shares of ONDS at or close to the last sale of $7.12

Current Positions

Long 100 shares of ALTO at $4.5125. Target Price: $6.50. Last sale: $3.98.

Long 60 shares of ASPN at $5.1083. Target Price: $10. Last sale: $4.81.

Long 100 shares of EVLV at $5.7883. Target Price: $8.50. Last sale: $5.00.

Long 100 shares of OCUL at $8.3545. Target Price: $11. Last sale: $11.37.
Short one OCUL $11 Sep 18th call at $1.65, Last sale: $0.80.

Long 225 shares of ONDS at $8.2091. Target Price: $12. Last sale: $7.12.

Long 70 shares of PL at $21.9452. Target Price: $33. Last sale: $16.80.

Long 35 shares of PTON at $5.1236. Target Price: $9. Last sale: $5.02.

Long 5 shares of RKLB at $77.936. Target Price $97. Last sale: $61.93.

Long 100 shares of SOFI at $15.8511. Target Price: $24. Last sale: $17.06.
Short one SOFI $22 Nov 19th call at $1.20, Last sale: $0.54.

Long 50 shares of SWBI at $14.0414. Target Price: $19. Last sale: $13.20.

Long 85 shares of VELO at $12.0971. Target Price: $18. Last sale: $10.64.

Cash: $910.16.

Portfolio Value: $9,633.37, -3.7% from inception on March 24.

At the time of publication, Guilfoyle was long ALTO, ASPN, EVLV, OCUL, ONDS, PL, PTON, RKLB, SOFI, SWBI, VELO equity. Short OCUL, SOFI calls.